climate change green transition

Cypriots’ Willingness to Support Green Transition Through Higher Taxes

A recent survey conducted by the European Investment Bank (EIB) revealed that an impressive 70% of Cypriots are willing to support the green transition by paying higher income taxes, with many willing to contribute an extra 110% of their income. This tax increase aims to help lowerincome households affected by the shift to a lowcarbon economy, showcasing a remarkable display of solidarity and commitment to a greener future in Cyprus.